MIRA INFORM REPORT

Report Date :

18.03.2014

IDENTIFICATION DETAILS

Name :	BERGER BECKER COATINGS PRIVATE LIMITED (w.e.f. 17.12.1999)
Formerly Known As :	RAJDOOT BECKER COATINGS PRIVATE LIMITED
Registered Office :	19, D. D. A. Commercial Complex, Kailash Colony Extension, Zamrudpur, New Delhi - 110048
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	30.09.1996
Com. Reg. No.:	55-082343
Capital Investment / Paid-up Capital :	Rs. 55.294 Millions
CIN No.: [Company Identification No.]	U74899DL1996PTC082343
TAN No.: [Tax Deduction & Collection Account No.]	DELB06373D
PAN No.: [Permanent Account No.]	AABCB8159K
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Supplier of Coil Coatings and Specialty Paints.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ba (46)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 1600000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. The management has filed the latest financial for the year 2013 but same could not be made available from government department. As per available financial of 2012, the rating reflects sound financial risk profile marked by company’s established market position in the coil coatings segment and established relationship with large players in the steel coating industry. Trade relations are fair. Business is active. Payment terms are reported to be usually correct. The company can be considered for business dealings at usual trade terms and condition.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – December 1, 2013

Country Name	Previous Rating (30.09.2013)	Current Rating (01.12.2013)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

INDIAN ECONOMIC OVERVIEW

State-run banks hired nearly 300000 personnel including more than 94000 officers in the last four years, according to the Indian Banks Association. A study by trade lobby Assocham in September 2013 indicated that banks would need 800000 people in the next six years. It estimated that state-run lenders alone would hire 50000 people in 2013/14.

The Competition Commission of India plans to issue final orders within a broad time-frame of one year in matters where it decides to carry out detailed investigations. The number of complaints received by the watchdog which keeps tabs on unfair trade practices in the marketplace.

The government has detected custom tax evasion totaling around Rs 37920 mn in 14 states until December. Maharashtra topped the list of Rs 14190 mn followed by Andhra Pradesh at Rs 8140 mn, Gujarat Rs 5240 mn, Karnataka Rs 1670 mn and Tamilnadu Rs 1610 mn.

Connaught Place in New Delhi slipped four notches to become the world’s eighth most expensive office locations. London’s West End is the world’s most expensive office market.

There are 4.072 mn number of high value spenders under the scanner of the income tax department. The income tax department has information that they have made cash deposits announcing to Rs 1 mn or more in their savings bank accounts in the current financial year. It plans to check potential evasion before the closing of the financial year on March 31.

Estimated pharmaceutical sales in the country for 2016 is $ 27 bn. It is 14.4 per cent higher than a year ago. The life sciences and health care industry is up against challenges such as quality management, says a recent Deloitte report.

The gross non-performing assets of listed banks rose 35.2 % to Rs 2.43 lakh crore during the first three months of the financial year. In absolute terms, the 40 listed banks added Rs 3386 crore to their gross NPAs in nine months with the State Bank of India leading with the State Bank of India leading with an accretion of Rs 16610 crore.

The inflow of smuggled gold doubled in 2013 following restrictions to curb the supply from official channels to contain the current account deficit. China surpassed India in the demand for gold for the first time in 2013 due to liberalization of gold trading norms by its local governments.

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long term rating: “BBB+”
Rating Explanation	Moderate degree of safety and moderate credit risk.
Date	20.01.2014

Rating Agency Name	CRISIL
Rating	Short term rating: “A2”
Rating Explanation	Strong degree of safety and low credit risk.
Date	20.01.2014

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

INFORMATION DECLINED

MANAGEMENT NON-COOPERATIVE (Tel. No.: 91-832-2407104)

LOCATIONS

Registered/ Head Office :	19, D. D. A. Commercial Complex, Kailash Colony Extension, Zamrudpur, New Delhi – 110048, India
Tel. No.:	91-11-26480394 - 96 / 26431573 / 7449 / 26419969 / 29240394/ 32573295
Fax No.:	91-11-26447864 / 29247864
E-Mail :	vkaushik@britishpaints.com info@bergerbeckerindia.com rpl@rajdootpaint.com deepti@rajdootpaints.com
Location :	Owned
Factory / Warehouse :	114 Pilerne Industrial Estate, Post Saligao, Bardez - 403511, Goa, India Tel No : 91-832-2407103/ 2407104/ 2407107 Fax No : 91-832-2407106 E-mail : info-asia@beckers-bic.com Plot No. 316-317, Kundiam Industrial Estate, Kundiam, Ponda, Goa, India Tel No. 91-832-2395664 / 663 Fax No. 91-832-2395663 E-mail : rajesh@bergerbeckerindia.com
Location :	Owned
Godown :	Village Honda, Takai Adosi Road, District Raigad - 410203, Maharashtra, India

DIRECTORS

As on 27.09.2013

Name :

Mr. Kuldip Singh Dhingra

Designation :

Director

Address :

555, Sukhsarvar Village, Gadaipur P.O, Mehrauli, New Delhi - 110030, India

Date of Birth/Age :

02.09.1947

Date of Appointment :

12.08.1997

DIN No.:

00048406

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U65993DL1988PLC033155	CITLAND COMMERCIAL CREDITS LIMITED	Director	19/02/1991	19/02/1991	-	Active	NO
2	U74899DL1988PTC030250	VIGNETTE INVESTMENTS PRIVATE LIMITED	Director	04/03/1991	04/03/1991	-	Amalgamated	NO
3	L51434WB1923PLC004793	BERGER PAINTS INDIA LIMITED	Director	17/07/1991	17/07/1991	-	Active	NO
4	U74899DL1991PTC044957	BIGG INVESTMENTS AND FINANCE PRIVATE LIMITED	Director	14/10/1991	14/10/1991	-	Active	NO
5	U74899DL1992PTC048517	MALIBU ESTATE PRIVATE LIMITED	Whole-time director	22/10/1992	22/10/1992	-	Active	NO
6	U74899DL1981PTC012828	FLEX PROPERTIES PRIVATE LIMITED	Director	09/05/1995	09/05/1995	-	Active	NO
7	U74899DL1996PTC082343	BERGER BECKER COATINGS PRIVATE LIMITED	Director	12/08/1997	12/08/1997	-	Active	NO
8	U24222DL1979PLC009659	U K PAINTS (INDIA) LIMITED	Managing director	25/10/2012	01/08/1998	-	Active	NO
9	U74899DL1995PTC072853	SCORPIO RESEARCH AND CONSULTANTS PRIVATE LIMITED	Director	18/11/1999	18/11/1999	-	Active	NO
10	U74899DL1994PTC057250	WAZIR ESTATES PRIVATE LIMITED	Director	20/08/2003	20/08/2003	-	Active	NO
11	U70102DL2007PTC158531	BRITONA PROPERTIES PRIVATE LIMITED	Director	29/01/2007	29/01/2007	-	Active	NO
12	U70109DL2007PTC158529	ARAMBOL PROPERTIES PRIVATE LIMITED	Director	29/01/2007	29/01/2007	-	Active	NO
13	U74899DL1987PTC027588	KANWAR GREEN LANDS PRIVATE LIMITED	Director	10/02/2007	10/02/2007	-	Active	NO
14	U74899DL1987PTC027731	UKPI PLANTATIONS PRIVATE LIMITED	Director	10/02/2007	10/02/2007	-	Active	NO
15	U74899DL1987PTC027495	MEETA PLANTATION PRIVATE LIMITED	Director	10/02/2007	10/02/2007	-	Active	NO
16	U74899DL1994PTC057199	JOLLY PROPERTIES PRIVATE LIMITED	Director	10/02/2007	10/02/2007	-	Active	NO
17	U74899DL1987PTC027583	SURJIT PLANTATIONS PRIVATE LIMITED	Director	10/02/2007	10/02/2007	-	Active	NO
18	U74899DL1987PTC027730	RPL FORESTS PRIVATE LIMITED	Director	10/02/2007	10/02/2007	-	Active	NO
19	U74899DL1987PTC027494	RISHMA MEADOWS PRIVATE LIMITED	Director	10/02/2007	10/02/2007	-	Active	NO
20	U74899DL1987PTC027584	ASHI FARMS PRIVATE LIMITED	Director	10/02/2007	10/02/2007	-	Active	NO
21	U74899DL1987PTC027779	HARMAN GREENFIELDS PRIVATE LTD	Director	10/02/2007	10/02/2007	-	Active	NO
22	U74899DL1987PTC027663	SUNAINA EVERGREEN PRIVATE LIMITED	Director	10/02/2007	10/02/2007	-	Active	NO
23	U74899DL1987PTC027582	ANSHANA FORESTS PRIVATE LIMITED	Director	10/02/2007	10/02/2007	-	Active	NO
24	U74899DL1994PTC057196	WAZIR PROPERTIES PRIVATE LIMITED	Director	10/02/2007	10/02/2007	-	Active	NO
25	U74899DL1987PTC027578	VINU FARMS PRIVATE LIMITED	Director	10/02/2007	10/02/2007	-	Active	NO
26	U74899DL1987PTC027813	AMRIT PLANTATIONS PRIVATE LIMITED	Director	10/02/2007	10/02/2007	-	Active	NO
27	U74140DL2007PLC167131	SEAWARD PACKAGING LIMITED	Director	17/08/2007	17/08/2007	-	Active	NO
28	U45400DL2007PTC165805	SQUADE PROPBUILD PRIVATE LIMITED	Director	31/12/2008	15/03/2008	-	Active	NO
29	U45400DL2007PTC168430	PAGODA BUILDCON PRIVATE LIMITED	Director	31/12/2008	15/03/2008	-	Active	NO
30	U45400DL2007PTC168414	LOBELIA BUILDWELL PRIVATE LIMITED	Director	31/12/2008	15/03/2008	-	Active	NO
31	U45400DL2007PTC165723	FLUME PROPBUILD PRIVATE LIMITED	Director	31/12/2008	15/03/2008	-	Active	NO
32	U45400DL2007PTC165829	FABLE PROPBUILD PRIVATE LIMITED	Director	31/12/2008	15/03/2008	-	Active	NO
33	U45200DL2008PTC178140	KSD BUILDWELL PRIVATE LIMITED	Director	14/05/2008	14/05/2008	-	Active	NO
34	U45400DL2008PTC178130	BURGEON PROPERTIES PRIVATE LIMITED	Director	14/05/2008	14/05/2008	-	Active	NO
35	U45200DL2008PTC178127	GURKUL BUILDTECH PRIVATE LIMITED	Director	14/05/2008	14/05/2008	-	Active	NO
36	U80101DL2008PTC183315	MALIBU FLOWERING BIRDS PRIMARY SCHOOL PRIVATE LIMITED	Director	16/09/2008	16/09/2008	-	Active	NO
37	U85310DL2008PTC183313	MALIBU CRECHE PRIVATE LIMITED	Director	16/09/2008	16/09/2008	-	Active	NO
38	U45300DL2008PTC183337	MALIBU ESTATE DISPENSARY PRIVATE LIMITED	Director	16/09/2008	16/09/2008	07/05/2010	Active	NO
39	U80100DL2008PTC183334	MALIBU LITTLE STAR PRIMARY SCHOOL PRIVATE LIMITED	Director	16/09/2008	16/09/2008	05/03/2013	Active	NO
40	U80100DL2008PTC183331	MALIBU KIDSTOP NURSERY SCHOOL PRIVATE LIMITED	Director	16/09/2008	16/09/2008	29/05/2012	Active	NO
41	U80100DL2008PTC183325	MALIBU WONDERLAND NURSERY SCHOOL PRIVATE LIMITED	Director	16/09/2008	16/09/2008	16/04/2011	Active	NO
42	U80100DL2008PTC183324	MALIBU MOTHER'S TOUCH NURSERY SCHOOL PRIVATE LIMITED	Director	16/09/2008	16/09/2008	16/04/2011	Active	NO
43	U80101DL2008PTC183314	MALIBU FIRST STEPS NURSERY SCHOOL PRIVATE LIMITED	Director	16/09/2008	16/09/2008	08/10/2011	Active	NO
44	U80900DL2008PTC183336	MALIBU HIGHER SECONDARY SCHOOL PRIVATE LIMITED	Director	16/09/2008	16/09/2008	-	Active	NO
45	U80100DL2008PTC183335	MALIBU MINERVA KIDS PRIMARY SCHOOL PRIVATE LIMITED	Director	16/09/2008	16/09/2008	-	Active	NO
46	U80900DL2008PTC183332	MALIBU KIDSCARE NURSERY SCHOOL PRIVATE LIMITED	Director	16/09/2008	16/09/2008	-	Active	NO
47	U80100DL2008PTC183323	MALIBU SHINING STAR PRIMARY SCHOOL PRIVATE LIMITED	Director	16/09/2008	16/09/2008	-	Active	NO
48	U27310DL2008PTC183404	MALIBU PARADISE NURSERY SCHOOL PRIVATE LIMITED	Director	17/09/2008	17/09/2008	12/01/2011	Active	NO
49	U45400DL2008PTC183369	MALIBU ESTATE CLUB PRIVATE LIMITED	Director	17/09/2008	17/09/2008	-	Active	NO
50	U80902DL2008PTC183434	MALIBU LITTLE ANGELS NURSERY SCHOOL PRIVATE LIMITED	Director	18/09/2008	18/09/2008	03/01/2012	Active	NO
51	U70101DL2009PTC188905	KSD PROBUILT PRIVATE LIMITED	Director	26/03/2009	26/03/2009	-	Active	NO
52	U70200DL2009PTC190961	RISHKUL PROPERTIES PRIVATE LIMITED	Director	05/06/2009	05/06/2009	-	Active	NO
53	U67110MH2008PLC187576	UNITED STOCK EXCHANGE OF INDIA LIMITED	Director	10/04/2012	10/04/2012	-	Active	NO
54	U24100WB2012PLC189385	BJN PAINTS INDIA LIMITED	Director	15/11/2013	19/03/2013	-	Active	NO

Name :

Mr. Gurbachan Singh Dhingra

Designation :

Director

Address :

Rahen Basera, 6 Sultanpur Farms, Mehrauli, New Delhi - 110030, India

Date of Birth/Age :

09.04.1950

Date of Appointment :

30.09.1996

DIN No.:

00048465

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U65993DL1988PLC033155	CITLAND COMMERCIAL CREDITS LIMITED	Director	19/02/1991	19/02/1991	-	Active	NO
2	U74899DL1988PTC030250	VIGNETTE INVESTMENTS PRIVATE LIMITED	Director	04/03/1991	04/03/1991	-	Amalgamated	NO
3	U74899DL1991PTC044957	BIGG INVESTMENTS AND FINANCE PRIVATE LIMITED	Director	14/10/1991	14/10/1991	-	Active	NO
4	U74899DL1992PTC048517	MALIBU ESTATE PRIVATE LIMITED	Director	22/10/1992	22/10/1992	-	Active	NO
5	L51434WB1923PLC004793	BERGER PAINTS INDIA LIMITED	Director	14/05/1993	14/05/1993	-	Active	NO
6	U74899DL1981PTC012828	FLEX PROPERTIES PRIVATE LIMITED	Director	09/05/1995	09/05/1995	-	Active	NO
7	U74899DL1996PTC082343	BERGER BECKER COATINGS PRIVATE LIMITED	Director	30/09/1996	30/09/1996	-	Active	NO
8	U24222DL1979PLC009659	U K PAINTS (INDIA) LIMITED	Whole-time director	25/10/2012	01/08/1998	-	Active	NO
9	U74899DL1995PTC072853	SCORPIO RESEARCH AND CONSULTANTS PRIVATE LIMITED	Director	18/11/1999	18/11/1999	-	Active	NO
10	U45200DL2006PTC155613	CREATIVE REALTECH PRIVATE LIMITED	Director	10/04/2008	18/12/2006	-	Active	NO
11	U70102DL2007PTC158531	BRITONA PROPERTIES PRIVATE LIMITED	Director	29/01/2007	29/01/2007	-	Active	NO
12	U70109DL2007PTC158529	ARAMBOL PROPERTIES PRIVATE LIMITED	Director	29/01/2007	29/01/2007	-	Active	NO
13	U74899DL1995PTC071800	VINU ESTATES PRIVATE LIMITED	Director	10/02/2007	10/02/2007	-	Active	NO
14	U74899DL1994PTC057199	JOLLY PROPERTIES PRIVATE LIMITED	Director	10/02/2007	10/02/2007	-	Active	NO
15	U74899DL1995PTC071843	GURBACHAN PROPERTIES PRIVATE LIMITED	Director	10/02/2007	10/02/2007	-	Active	NO
16	U74899DL1995PTC072002	RISHMA PROPERTIES PRIVATE LIMITED	Director	10/02/2007	10/02/2007	-	Active	NO
17	U74899DL1995PTC071740	ANSHNA PROPERTIES PRIVATE LIMITED	Director	10/02/2007	10/02/2007	-	Active	NO
18	U74899DL1988PTC030697	KAYDEE FARMS PRIVATE LIMITED	Director	10/02/2007	10/02/2007	-	Active	NO
19	U74899DL1980PTC030700	G.B. FARMS PRIVATE LIMITED	Director	10/02/2007	10/02/2007	-	Active	NO
20	U74899DL1988PTC030701	EMVEE HORTICULTURE PRIVATE LIMITED	Director	10/02/2007	10/02/2007	-	Active	NO
21	U74899DL1994PTC057203	RAKESH CONTAINERS PRIVATE LIMITED.	Director	10/02/2007	10/02/2007	-	Active	NO
22	U74899DL1994PTC057202	RAKESH ESTATES PRIVATE LIMITED	Director	10/02/2007	10/02/2007	-	Active	NO
23	U70101DL1996PTC075937	VG PROPERTIES PRIVATE LIMITED	Director	27/09/2013	10/02/2007	-	Active	NO
24	U24233DL2007PTC167133	GSD PAINTS PRIVATE LIMITED	Director	17/08/2007	17/08/2007	-	Active	NO
25	U45400DL2007PTC168430	PAGODA BUILDCON PRIVATE LIMITED	Director	31/12/2008	15/03/2008	-	Active	NO
26	U45400DL2007PTC168414	LOBELIA BUILDWELL PRIVATE LIMITED	Director	31/12/2008	15/03/2008	-	Active	NO
27	U45400DL2007PTC165723	FLUME PROPBUILD PRIVATE LIMITED	Director	31/12/2008	15/03/2008	-	Active	NO
28	U45400DL2007PTC165829	FABLE PROPBUILD PRIVATE LIMITED	Director	31/12/2008	15/03/2008	-	Active	NO
29	U45400DL2007PTC165805	SQUADE PROPBUILD PRIVATE LIMITED	Director	31/12/2008	15/03/2008	-	Active	NO
30	U45200DL2008PTC178139	GSD BUILDWELL PRIVATE LIMITED	Director	14/05/2008	14/05/2008	-	Active	NO
31	U45400DL2008PTC178130	BURGEON PROPERTIES PRIVATE LIMITED	Director	14/05/2008	14/05/2008	-	Active	NO
32	U45200DL2008PTC178127	GURKUL BUILDTECH PRIVATE LIMITED	Director	14/05/2008	14/05/2008	-	Active	NO
33	U55101DL2009PTC188903	VALERIAN HOSPITALITY AND HOTELS PRIVATE LIMITED	Director	26/03/2009	26/03/2009	-	Active	NO
34	U70200DL2009PTC190961	RISHKUL PROPERTIES PRIVATE LIMITED	Director	05/06/2009	05/06/2009	-	Active	NO
35	U74140DL2007PLC167131	SEAWARD PACKAGING LIMITED	Director	18/08/2010	12/08/2009	-	Active	NO

Name :

Mr. Sunil Sharma

Designation :

Director

Address :

3/2, Shanti Niketan, New Delhi - 110021, India

Date of Birth/Age :

15.11.1951

Date of Appointment :

30.09.1996

DIN No.:

00097157

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74899DL1996PTC082343	BERGER BECKER COATINGS PRIVATE LIMITED	Director	30/09/1996	30/09/1996	-	Active	NO
2	U74899DL1994PTC057203	RAKESH CONTAINERS PRIVATE LIMITED.	Director	20/01/2003	20/01/2003	20/02/2007	Active	NO
3	U24222DL1979PLC009659	U K PAINTS (INDIA) LIMITED	Director	30/09/1996	-	20/02/2007	Active	NO

Name :

Olivier Laune

Designation :

Director

Address :

14, Bis Avenue, De Grange, Blanche 69160 Tassinla-Demi-Lune, France

Date of Birth/Age :

04.04.1967

Date of Appointment :

22.03.2005

DIN No.:

00107807

Name :

Boris Gorella

Designation :

Director

Address :

Margaretenstr 10, 14193, Berlin, Germany

Date of Birth/Age :

01.10.1965

Date of Appointment :

29.09.2012

DIN No. :

03612106

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74899DL1996PTC082343	BERGER BECKER COATINGS PRIVATE LIMITED	Director	29/09/2012	20/10/2011	-	Active	NO

Name :

Mr. Paul Ignatius Menezes

Designation :

Director

Address :

112, 3A, Pantai Panorama Condokampung Kerinci Kuala Lumpur 59200 Mallaysia

Date of Birth/Age :

01.02.1963

Date of Appointment :

29.09.2012

DIN No. :

03644471

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74899DL1996PTC082343	BERGER BECKER COATINGS PRIVATE LIMITED	Director	29/09/2012	20/10/2011	-	Active	NO

Name :

Christian Vogel

Designation :

Director

Address :

10115, Berlin Chauseestr, 35B, Berlin, Germany 10115

Date of Birth/Age :

04.01.1973

Date of Appointment :

16.10.2012

DIN No. :

05331527

KEY EXECUTIVES

Name :	Mr. Niranjan Daga
Designation :	Secretary
Address :	Gomes Building, Flat No.3, 1^st Floor, La Campala Colony, Miramar, Panaji – 403001, Goa, India
Date of Birth/Age :	07.10.1971
Date of Appointment :	27.03.2008
PAN No.:	ADHPD3822D

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 27.09.2013

Names of Shareholders	No. of Shares
Gurbachan S Dhingra	90
Berger Paints Limited, India	270850
Becker Industrial Coatings Holding AB, Sweden	281999
Total	552939

As on 27.09.2013

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	51.00
Bodies corporate	48.98
Directors or relatives of Directors	0.02
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Supplier of Coil Coatings and Specialty Paints.

Products :

Item Code No. (ITC Code)	Product Description
3208.00.00	Paints and Varnish
3212.00.00	Thinners

PRODUCTION STATUS (AS ON 31.03.2011)

Particulars	Unit	Licensed Capacity	Installed Capacity	Actual Production
Paints	Qty. (Ltrs.)	N.A.	13600 MT	50,789,609

GENERAL INFORMATION

No. of Employees :

Not Divulged

Bankers :

Axis Bank Limited, 2^nd Floor, Statesman House, 148, Barakhamba Road, New Delhi – 110001, India

Facilities :

SECURED LOANS	31.03.2012 (Rs. In Millions)	31.03.2011 (Rs. In Millions)
SHORT TERM BORROWINGS
Loans repayable on demand from banks	150.233	164.372
Total	150.233	164.372

Banking Relations :	--
Auditors :
Name :	J.C. Bhalla and Company Chartered Accountants
Address :	B-5 ,Sector -06, Noida – 201301, Uttar Pradesh, India
Income-tax PAN of auditor or auditor's firm :	AAAFJ3258M
Joint Venture:	Berger Paints India Limited CIN No.: L51434WB1923PLC004793
Holding Company:	Becker Industrial Coatings Holding AB, Sweden
Associate:	· Becker Industrial Coatings (Guangzhou) Limited, China · Becker Industrial Coatings Limited, United Kingdom · Becker Industrie SA, France · Wilh. Becker Holding GmbH, Germany · Becker Industrial Coatings (M) Sdn Bhd, Malaysia · Becker Industrial Coatings AB, Sweden · Becker Acroma , Sweden( Upto 1st September 2010) · Becker Farby Przemyslowe Sp.z.o.o. Poland · Becker Industrielack GmbH, Germany · Becker High Performance Coatings (TianJin) Limited, China · Becker Industrial Coatings Inc, Canada · Becker Industrial Coatings (Shanghai) Limited, Shanghai China · U K Paints (India) Limited

CAPITAL STRUCTURE

As on 27.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
560,000	Equity Shares	Rs. 100/- each	Rs. 56.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
552,939	Equity Shares	Rs. 100/- each	Rs. 55.294 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	55.294	55.294
(b) Reserves & Surplus	345.510	295.453
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	400.804	350.747
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000
(b) Deferred tax liabilities (Net)	8.348	9.684
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	5.857	4.435
Total Non-current Liabilities (3)	14.205	14.119
(4) Current Liabilities
(a) Short term borrowings	150.233	164.372
(b) Trade payables	217.316	187.801
(c) Other current liabilities	64.452	54.724
(d) Short-term provisions	14.234	9.523
Total Current Liabilities (4)	446.235	416.420
TOTAL	861.244	781.286
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	173.368	177.411
(ii) Intangible Assets	0.103	0.134
(iii) Capital work-in-progress	3.380	6.665
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	2.406	2.155
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	179.257	186.365
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	297.155	291.330
(c) Trade receivables	303.552	240.876
(d) Cash and cash equivalents	4.102	2.432
(e) Short-term loans and advances	77.178	60.283
(f) Other current assets	0.000	0.000
Total Current Assets	681.987	594.921
TOTAL	861.244	781.286

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		55.294
2] Share Application Money		0.000
3] Reserves & Surplus		256.227
4] (Accumulated Losses)		0.000
NETWORTH		311.521
LOAN FUNDS
1] Secured Loans		148.358
2] Unsecured Loans		0.000
TOTAL BORROWING		148.358
DEFERRED TAX LIABILITIES		11.625
TOTAL		471.504
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		183.969
Capital work-in-progress		6.193
INVESTMENT		0.000
DEFERRED TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	224.659
	Sundry Debtors	192.792
	Cash & Bank Balances	1.942
	Other Current Assets	0.000
	Loans & Advances	52.756
Total Current Assets		472.149
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	121.086
	Other Current Liabilities	57.572
	Provisions	12.149
Total Current Liabilities		190.807
Net Current Assets		281.342
MISCELLANEOUS EXPENSES		0.000
TOTAL		471.504

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	1501.719 (Gross)	1275.449 (Gross)	932.048
		Other Income	NA	NA	15.724
		TOTAL (A)	NA	NA	947.772
Less	EXPENSES
		Material Consumed			803.330
		Personnel Expenses			29.550
		Manufacturing, Administrative and Selling Expenses			89.987
		(Increase)/ Decrease in Finished Goods/ Work-in-progress			(40.621)
		TOTAL (B)	NA	NA	882.246
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)				26.589
Less	FINANCIAL EXPENSES (D)				19.773
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		72.065	71.302	45.753
Less/ Add	DEPRECIATION/ AMORTISATION (F)		14.399	13.635	12.944
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		57.656	57.667	32.809
Less	TAX (H)		7.599	18.441	6.220
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		50.057	39.226	26.589
	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		295.453	256.227	--
	BALANCE CARRIED TO THE B/S		345.510	295.453	256.227
	EARNINGS IN FOREIGN CURRENCY
		Export of Finished Goods (FOB)		52.096	47.669
		Export of Raw Material (FOB)		0.000	7.264
		Discount Received		7.123	1.018
	TOTAL EARNINGS		75.591	59.219	55.951
	IMPORTS
		Raw Materials		389.840	363.927
		Stores & Spares		0.175	0.289
		Capital Goods		0.376	0.375
	TOTAL IMPORTS		NA	390.391	364.591
	Earnings / (Loss) Per Share (Rs.)		90.53	70.94	48.09

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	NA	NA	2.81
Net Profit Margin (PBT/Sales)	(%)	NA	NA	3.46
Return on Total Assets (PBT/Total Assets}	(%)	6.72	7.44	5.00
Return on Investment (ROI) (PBT/Networth)		0.14	0.16	0.11
Debt Equity Ratio (Total Debt/Networth)		0.37	0.47	0.48
Current Ratio (Current Asset/Current Liability)		1.53	1.43	2.47

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012
	(Rs. In Millions)	(Rs. In Millions)
Share Capital	55.294	55.294
Reserves & Surplus	295.453	345.510
Net worth	350.747	400.804
long-term borrowings	0.000	0.000
Short term borrowings	164.372	150.233
Total borrowings	164.372	150.233
Debt/Equity ratio	0.469	0.375

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	-----
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	-----
22]	Litigations that the firm / promoter involved in	-----
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	-----
26]	Buyer visit details	-----
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	No
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10089183	18/09/2009 *	10,700,000.00	AXIS BANK LIMITED	E-64, GREATER KAILASH, PART - I, NEW DELHI - 110048, INDIA	A72537921
2	10089182	18/09/2009 *	10,700,000.00	AXIS BANK LIMITED	E-64, GREATER KAILASH, PART - I, NEW DELHI - 110048, INDIA	A72538622
3	10056129	18/09/2009 *	1,200,000.00	AXIS BANK LIMITED	E-64, GREATER KAILASH, PART - I, NEW DELHI - 110048, INDIA	A72538044
4	10044463	18/09/2009 *	1,200,000.00	AXIS BANK LIMITED	E-64, GREATER KAILASH, PART - I, NEW DELHI - 110048, INDIA	A72538481
5	10037128	18/09/2009 *	10,700,000.00	AXIS BANK LIMITED	E-64, GREATER KAILASH, PART - I, NEW DELHI - 110048, INDIA	A72538176
6	90040171	20/04/2007 *	50,000,000.00	UTI BANK LIMITED	E-64, GREATER KAILASH, PART - I, NEW DELHI - 110048, INDIA	-
7	90039163	20/04/2007 *	12,500,000.00	UTI BANK LIMITED	E-64, GREATER KAILASH, PART - I, NEW DELHI - 110048, INDIA	-
8	90037492	11/01/2013 *	320,000,000.00	AXIS BANK LIMITED	2ND FLOOR, STATESMAN HOUSE, 148, BARAKHAMBA ROAD, NEW DELHI - 110001, INDIA	B65991770

* Date of charge modifications

OPERATIONS

The gross sales and other income earned during the financial year ended 31^st March, 2012 was Rs 1501.719 Millions against Rs 1275.449 Millions in previous year. During the year profit after tax was Rs. 50.057 Millions against profit of Rs. 39.226 Millions in the previous year.

FIXED ASSETS

v Tangible Assets

· Land

· Buildings

· Plant and Equipment

· Furniture and Fixtures

· Vehicles

· Office Equipment

· Computer Equipment’s

· Other Equipment’s

v Intangible Assets

· Computer Software

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.52
UK Pound	1	Rs.102.22
Euro	1	Rs.85.23

INFORMATION DETAILS

Information Gathered by :	NYA
Report Prepared by :	MRI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		46

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.